Green Stocks Dec 23: Green Stocks Fail To Move With Market Recovery

A smart recovery in the market today was not enough to do the same to more in our green energy pack, as most stocks struggled to recover from losses last week. The exceptions, Sterling and Wilson Renewable, which was up 5.5% on the back of a big order win announcement, or Shakti Pumps, still finding its feet after the bonus issue, and perhaps expectations of more order wins. the only other significant movers were Premier Energies and Waaree Energies, the solar manufacturers, perhaps on the back of optimistic reports and projections of solar additions for the foreseeable future.

As we have been pointing out regularly, more and more listings from the sector are helping investors develop a better understanding of the sector and it is only a matter of time before valuations are more aligned to actual growth prospects. During that time, expect to see corrections or even further upmoves, depending on the nature of announcements, and progress with order books for the green pack.